A sum of Rs. 540000 amounts to Rs. 756000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 540000 amounts to Rs. 756000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKExamLibrary)

SI = 216000. R = (216000 × 100)/(540000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 201600 interest in 6 years at 7% SI is

A. Rs. 480000

B. Rs. 479000

C. Rs. 481000

D. Rs. 478000

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Correct Answer: Option A

Explanation:
P = (201600 × 100)/(7 × 6) = 480000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 4233600 interest in 9 years at 19% SI is

A. Rs. 2478000

B. Rs. 2479000

C. Rs. 2480000

D. Rs. 2481000

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Correct Answer: Option C

Explanation:
P = (4233600 × 100)/(19 × 9) = 2480000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 10627200 interest in 8 years at 35% SI is

A. Rs. 3798000

B. Rs. 3801000

C. Rs. 3799000

D. Rs. 3800000

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Correct Answer: Option D

Explanation:
P = (10627200 × 100)/(35 × 8) = 3800000.

This question belongs to: Maths Simple Interest

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